HUI still holding at 182 FOMC minutes didnt cuase any damage...

HUI still holding at 182

FOMC minutes didnt cuase any damage
Gold chart looking a little better.

Overall feeling from the FOMC
is an expectation that the US markets will head down.
This was expected from rises interest rates
That didnt happen.
Now they hope buy unwinding thier 4.5 trillion
Markets will at least stop its climb.
They are worried about a crash.
I guess they should worry.
It is the second longest bull run ever.
That is in the face of global turmoil.

Cant help but think that gold should
Be the one on a bull run.
Those who think gold will hit $5000 are dreaming.
Still plenty of gold being produced.
I think that production would double
with a sustained period of over $1800.

I am thinking around $1350 is a ceiling
While production stays at current levels.
It could take 5 years before production starts to fall.
That is if gold stays under $1300.

Cheers